PayPoint (LON:PAY) Reaches New 52-Week Low – Should You Sell?

PayPoint plc (LON:PAY) hit a new 52-week low on Tuesday . The company traded as low as GBX 451.50 and last traded at GBX 452.50, with a volume of 460190 shares trading hands. The stock had previously closed at GBX 465.

Wall Street Analysts Forecast Growth

Separately, Panmure Gordon restated a “buy” rating and set a GBX 1,100 target price on shares of PayPoint in a research report on Thursday, November 20th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, PayPoint currently has a consensus rating of “Buy” and an average target price of GBX 1,100.

PayPoint Stock Performance

The firm has a market cap of £285.53 million, a price-to-earnings ratio of 15.78, a price-to-earnings-growth ratio of 31.13 and a beta of 0.93. The company has a quick ratio of 0.65, a current ratio of 0.99 and a debt-to-equity ratio of 81.52. The stock has a fifty day moving average price of GBX 658.42 and a 200-day moving average price of GBX 711.31.

PayPoint (LON:PAY) last issued its quarterly earnings results on Thursday, November 20th. The company reported GBX 29.25 earnings per share for the quarter. PayPoint had a return on equity of 30.78% and a net margin of 11.65%. On average, analysts expect that PayPoint plc will post 56.9500056 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Nick Wiles purchased 25,000 shares of the company’s stock in a transaction dated Thursday, November 20th. The shares were acquired at an average cost of GBX 538 per share, for a total transaction of £134,500. Also, insider Lan Tu purchased 4,569 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The shares were purchased at an average cost of GBX 543 per share, with a total value of £24,809.67. Insiders have bought a total of 31,579 shares of company stock valued at $16,979,543 over the last quarter. Corporate insiders own 2.31% of the company’s stock.

About PayPoint

PayPoint plc engages in the provision of payments and banking, shopping, and e-commerce services and products in the United Kingdom. The company operates through two segments: PayPoint and Love2shop. The PayPoint segment provides card payment services to retailers, including leased payment devices; EPoS; ATM cash machines; SIM cards sales; receipt advertising; bill payment services and cash top-ups to individual consumers; parcel delivery and collection services; retailer service fees solutions; and digital payment services, as well as cash through to digital services.